Commission Scheme
Commission Guides in Government Gazette
COMMISSION
Unlike in US , Canada, and places like Taiwan where sellers generally pay a Real Estate Brokerage fee of minimum 5 to 6% commission for each sales transaction, in Australia, 2.5% to 4%, in China, easily 2% to __ % though their local government try to cap it lower than 3.5% of sale price paid by both Seller and Buyer; and even though our Government Gazette, 22nd Feb 1974 recommended a minimum fee of 2 percent commission on the sales price for a sales of property transaction, we have been practicing the following simple COMMISSION SCHEME.
COMMISSION SCHEME
SALES AND PURCHASE COMMISSION
| |
SELLER
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2% of Selling Price
payable upon exercise of option-to-purchase by buyer. |
BUYER
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1% of Buying Price
payable upon exercise of option-to-purchase at Lawyer's office. |
LANDLORD
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payable upon signing of TA.
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TENANT
|
|
MANAGEMENT FEE
| |
LANDLORD
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10% of Monthly Rent
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AGENT'S COMMISSION
RENT COMMISSION
- It is common practice that commission is a
- full month's rent for every 12 months of lease.
- This commission is paid by the landlord to the Landlord's agent,
- and tenant pays to tenant's representing agent.
CO BROKING COMMISSION
- Some times, with two or more agents involved,
- e.g. Rental Value > S$3,500/= ,
- and that the tenant does not pay commission;
- the tenant’s agents might share the
- landlord's Agent's commission,
- based on their pre-arrangement and mutual agreement.
- This commission sharing practice is usually
- take place where rentals is higher than S$3,500.
- With S$3,500 and below
- both the landlords and tenants agents
- collect commission from their respective client.
STATUTORY BOARD
- The government body CEA (Council of Estate Agents),
- does not stipulate or contradict above commission practices,
- however emphasizes that
- the party who engages the services of an agent should pay for it.
- Commission for yearly lease :
- 1 month rent for every 12 months lease.
- Commission for short term lease :
- 1/2 month of the rent for any lease Less than 12 months.
- Commission for Renewal Lease :
- 1/2 month rent for every 12 months lease.
The Government Gazette, Singapore, Friday, February 22, 1974
COMMISSION GUIDE IN GOVERNMENT GAZATTE
Commission Guide in Government Gazette
EXTRACT FROM REPUBLIC OF SINGAPORE
GOVERNMENT GAZETTE DATED
(b) When instructions are given for a sale by private treaty it is a matter for arrangement with the client at the time how the expenses, including any advertising expenses, should be borne.
5. Sale
Minimum 2 per cent on the sale price.
OnSale
On
6. Sale
10 per cent on the sale price.
LETTINGS
(a) Should the rent be a progressive one, the commission is based on the average rent for the period up to the first possible break of the tenancy. When a premium is being paid, this should be taken into account.
7. Letting of Furnished or Unfurnished Premises.
(i) Where the letting is for twelve months or more — One month's rent..
(ii) Where the letting is on a monthly tenancy — Half a month's rent.
MANAGEMENT.
Note : —
"Gross rental" means the rent reserved under the lease or letting plus any incidental receipts collected and/or accounted for in the course of management.
"Monthly property" refers to the method of payment of rent and/or other charges, irrespective of the length' of the term for which the property is let.
The fees do not include the cost and expenses for supervision of repairs and maintenance of building. Such fees to be negotiated or by arrangements.
8. Management of Property, including the Collection of Rents.
(a) Monthly Property: 10 per cent of the gross rental.
(b) Other Property: 7½ per cent of the gross rental.
(c) Estate/Complex: Where a property consists of numerous tenancies/ leases and/or land in hand and is of such a nature as to fall within the category of an Estate/Complex, a fee by arrangement having regard to (a) and (b)above.
INVENTORIES
9. Making or Checking. Inventories of Furniture and Effects.
$100 for a five hour working day.Minimum Fee $100.
WORK UNDER ACTS FOR THE COMPULSORY ACQUISITION OF PROPERTY
l0.--(a) To the valuer who prepares the case (Including negotiations for a settlement. where required):—
Minimum 1 per cent of the amount of compensation.
(b) To any additional valuer who qualifies to give evidence:
Minimum 1/4 per cent of the amount of compensation.
Commission Scheme
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INSTITUTE OF ESTATE AGENTS
COMMISSION GUIDELINES
2.1
私宅买卖佣金
代理出售屋子，卖主付佣金 ： 至少售价 的 2 巴仙 （ 2％ ）
代理寻找房子，买家付服务费 ： 买价 的 1 巴仙 （ 1％ ）
2.3 2.4
租赁佣金
业主付费 ：
新租约 －
签订租赁合同，或者代理出租，
每签成 12 个月至 24 个月 租赁合同 ，
经纪的佣金收费是 ： 1个月租金
续租约 －
续约合同，签成每 12 个月的续约合同，
经纪佣金收费是 ： 半个月 租金
以此类推。
短期租赁 －
每签成任何 少过 12 个 月 的 租赁合约，
经纪佣金是 ： 租金的 半个月 ；
租户付费 ：
新租约 －
代理寻找租赁房子，并签成 12 个月 至 24 个月 的租约，
经纪佣金是 ： 租金的 1 个月
短期租赁
代理寻找租赁房子，并签成少过 12 个月的 租约，
经纪佣金是： 租金的半个月
2.6
物业管理收费：
代理照顾管理个别单位，管理收费，
经纪收取管理费是： 每月租金的 10 巴仙 （ 10％ ）
或者 至少 每个月 S$ 100/=
大型项目管理 ： 自由洽商。
Friday, July 23, 2010
RENTAL AGENTS COMMISSION
SINGAPORE REAL ESTATE AGENTS COMMISSION
This commission guide is for those who wish to engage the
professional service of Singapore real estate agent to assist
in selling, buying, renting, etc of Singapore properties.
One should note that it is by no means rigid, standardised in
all cases, and it depends on the service level provided by the agents.
It is also subject to change from time to time depending on the market condition.
Private Properties Rental - Singapore
LANDLORD
1 month's gross rental
1 month's gross rental for lease between 12months to 24months,
plus additional 1/2 month for every subsequent 12months' lease renewal.
1/2 month's gross rental for lease less than 12months.
TENANT:
1/2 month's gross rental (as service fee)
Payment upon execution of tenancy agreement.
CO BROKE TRANSACTION
landlord's agent collect commission from landlord
and tenant's agent collect from tenant.
Singapore HDB Flat / Room Rental
Commission from Landlord :
1 month's gross rental
1 month's gross rental for lease
between 12months to 24months,
plus additional 1/2 month for
every subsequent 12months' lease renewal.
1/2-1 month's gross rental (as service fee)
1 month's gross rental for lease between 12months to 24months,
and 1/2 month's gross rental for lease less than 12months - Short term lease.
For Co-broke transaction :
landlord's agent collect commission from landlord and
tenant's agent collect from tenant.
No commission shall be collected by one agent from both landlord & tenant in the same transaction without prior knowledge or written consent of both the landlord & tenant.
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Properties FOR RENT
HDB Buy Sell Rent
Renting Guides
Agent's Commission
www.91005678.com
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COMMISSION SCHEDULE
COMMISSION FROM LANDLORD
Payment upon execution of tenancy agreement。
NEW LEASE
one month commission
for securing a One Years Tenancy Agreement / New Lease signed.
one month commission
for securing a Two Years Tenancy Agreement / New Lease signed.
one and a half-months commission
for a Three Years Tenancy Agreement / New Lease signed.
two months commission
for securing a Four Years Tenancy Agreement / New Lease signed.
half-month commission for lease less then 12 months,
[ i.e. Tenancy by months or so call "short term lease",
regardless how many month Tenancy Agreement / Lease sign,
so long it's less then 12 months. ]
RENEWAL LEASE
half-month commission for a One Year Tenancy Agreement / Lease renewed.
one month commission for a Two Years Tenancy Agreement / Lease Renewed.
one and a half month commission for a Three Years Tenancy Agreement / Lease Renewed.
COMMISSION / SERVICE FEE FROM TENANT
Payment upon execution of tenancy agreement.
1/2 month's gross rental for lease less than 12months.
half month commission per each year rent secured.
half month commission per each year renewed.
http://singapore-rental-hans.blogspot.com/2010/07/rental-agent-commission.html
原文参阅 ：
EXTRACT FROM REPUBLIC OF SINGAPORE GOVERNMENT GAZETTE DATED 22nd FEBRUARY 1974
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Properties FOR RENT
HDB Buy Sell Rent
Renting Guides
Agent's Commission
www.91005678.com
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